• Luna Foundation Guard, the nonprofit behind Terra’s UST stablecoin, has acquired $1.5 billion worth of Bitcoin.
  • This purchase makes LFG the second-largest corporate owner of Bitcoin, surpassing Tesla.
  • The transaction was facilitated by cryptocurrency prime broker Genesis and cryptocurrency hedge fund 3AC.

Luna Foundation Guard (LFG), a non-profit organization focused on developing the Terra ecosystem, has completed an over-the-counter (OTC) purchase of 37,863 Bitcoin valued at $1.5 billion, making Tesla the second-largest corporate owner of BTC surpassed a press release.

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